Types of IT Assurance and Advisory
Business has changed. Advancements in digital technologies are sweeping the markets and fundamentally altering the way we live, work, and relate to one another. The digital revolution is disrupting almost all industries and transforming systems of production, management and governance. This growing momentum has also attracted emerging risks including escalating cyber security threats, unplanned system downtimes, data corruption, privacy concerns and skills gaps across all organisational levels.
At MASA, we have made it our business to develop IT Assurance and Advisory services that enable our clients to undertake digital transformation journeys whilst feeling confident that their risk exposure is well managed within their appetite. We work with our clients from ideation to execution, ensuring that the best fit technologies are procured and are deployed, monitored and controlled appropriately.
How we can assist:
Digital strategy formulation and evaluation
Real time project risk assurance
Post implementation reviews
Cyber security reviews
Review of general IT controls and application controls
Business Continuity and Disaster Recovery reviews
Robotics Process Automation
IT Governance and Performance implementations and reviews
Continuous Auditing & Continuous Monitoring (CA/CM)
Traditionally, the lines of defence are dependent on backward looking control monitoring activities which are executed at point in time usually long after the fact. Resultantly, transaction errors, fraud, non-compliance and abuse are caught long after the possibility of implementing meaningful corrective actions or financial recovery.
The ever-increasing pressure on modern businesses is narrowing management’s tolerance for risk. At the same time, technological advances in automation have created enhanced opportunities to leverage continuous auditing and monitoring methods as the preferred techniques to better understand and control many business processes.
We assist our clients to implement all the components of a continuous auditing & monitoring journey, from business case to proof of concept to implementation. Our solutions entail utilising a combination of technologies including Robotic Process Automation (RPA), Cognitive Automation as well as Data extraction, analysis and visualisation tools.
We assist clients with the following CA and CM activities:
Risk profiling and continuous risk sensing
Developing rules engine
Near real time control monitoring
Transactions and activity monitoring
Visualisation and reporting
The advancements in digital technologies have translated into unprecedented data velocity creating enormous volumes of both structured and unstructured data. Significant untapped opportunities and hidden risks are buried within these vast amounts of data. At MASA we have recognised that these new huge data stores are the new oil reserves and if processed and refined, data can shape the future.
We have developed data scientists and functional knowledge experts who help our clients to source, cleanse, analyse and interpret raw data into deep insights needed to anticipate market changes, capitalise on future trends, and respond to challenges before they happen. Not only do we tap into your internal data sources, we fuse your data with external data from third party providers and social networks to unlock business value.
We assist our clients with the following:
Data quality and integrity checks
Develop descriptive, predictive and prescriptive data models
Other IT Assurance and Advisory Services
IT General Controls Reviews
ISA 2403 Reviews
Cyber Security Reviews
Disaster Recovery Reviews
Robotics Process Automation (RPA)